(Reuters) -British airport services group John Menzies on Wednesday turned down a roughly 469 million pound ($636 million) takeover proposal from a unit of Kuwait-based Agility Public Warehousing Co, saying it undervalued the company. Shares in the London-listed firm climbed 41% to levels not seen since January 2020. They were trading at 466 pence by …
UK’s John Menzies rejects takeover approach from Kuwait firm Read More »
LONDON (Reuters) – Demand for flights in Britain is edging back towards pre-pandemic levels for the key summer holiday period, according to market data that suggests consumers are keen to get away despite the looming cost of living crunch. Data from travel trends firm ForwardKeys said bookings for the summer were 16% behind comparable levels …
UK summer flight bookings edging towards 2019 levels Read More »
PARIS (Reuters) -French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world’s second largest sugar maker by volume, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ending Dec. 31 rose 65% at …
Sugar group Tereos posts higher earnings, debt stable Read More »
By Anait Miridzhanian (Reuters) -Akzo Nobel on Wednesday predicted a gradual easing in raw material inflation after the paints and coatings maker raised prices to cope with higher fourth-quarter costs. “Raw material cost inflation and supply constraints are expected to gradually ease by mid-2022,” the group said in a statement, adding that it was applying …
Akzo Nobel expects raw material inflation to ease by mid-2022 Read More »
(Reuters) -Soap maker PZ Cussons said on Wednesday its first-half profit fell from a year earlier as demand for its hand wash and sanitisers dipped from the heights hit during the peak of the COVID-19 pandemic. The maker of Imperial Leather soap and Carex hand wash warned of rising inflationary pressures that could increase its …
PZ Cussons’ half-year profit falls as demand softens, costs rise Read More »
BERLIN (Reuters) – German exports and imports rose unexpectedly in December, the statistics office said on Wednesday, as order books have remained full despite continued raw material bottlenecks. “The shortage of supplies was a burden. Meanwhile, the export balance sheet looks surprisingly good,” Thomas Gitzel, chief economist at VP Bank, said. “The order books are …
German exports jump unexpectedly despite supply shortages Read More »
MADRID (Reuters) – Britain’s Royal London said on Monday conversations regarding a potential merger with mutual life insurer LV= have ceased without reaching an agreement. “Our offer to preserve LV=’s mutuality through a merger with Royal London was based on an understanding that LV= did not have a viable future as an independent company,” Barry …
PARIS (Reuters) – Petrol prices will remain high for a while both due to sustained demand and a lack of investments in production facilities over the last years, the head of the French energy company TotalEnergies said on Wednesday. “I’ve no good news to deliver, oil prices will remain high”, Patrick Pouyanne told RTL Radio, …
(Reuters) – French funds manager Amundi said it exceeded its 2022 strategic targets on Wednesday, as it posted a strong rise in earnings helped by its retail business and expansion in Asia. Amundi, which largely manages assets in Europe but has a growing presence in China, posted a quarterly adjusted net income up 14% to …
France’s Amundi beats strategic targets on surging inflows Read More »
(Reuters) -Diagnostics company Qiagen on Tuesday projected 2022 profit above market estimates, signaling that a rebound in its non-COVID businesses would offset a drop in coronavirus testing demand. Share of the company rose nearly 6% in extended trading as it also surpassed analysts’ estimates for fourth-quarter sales. Demand has picked up for Qiagen’s regular diagnostic …
Qiagen forecasts profit above estimates as non-COVID businesses rebound Read More »
